A lot of people are trading off technicals, selling immediately in the 5's and buying back in the 4.70s. At least that is the short term trend. I'm not too baffled that it's down at the moment. There wasn't any big catalyst this morning to propel the stock anyway. It's the same old news, like asking a basketball player what they plan to do next quarter. "Play hard, execute the game plan, hope for the best."
I thought it was more than already known. They raised year guidance, updated the use of 200 million and provided the status of the Brooklyn project. It is weird to see the stock down while bid/ask shows heavily on the bid side.
I did. It is baffling that XIN is down now. Except for the stock's surge, it is acting like two previous trading days. There are lots of sellers, but willing buyers near 4.70. I will wait and see how it plays out today.